Versabank (US) (TSE:VBNK) has released an update.
VersaBank has reported a substantial 41% year-over-year increase in earnings per share (EPS) for the first quarter of fiscal 2024, reaching a new record high, driven by the success of its point-of-sale receivable purchase program. The bank also saw a 35% rise in net income and a 22% growth in total assets compared to the same period last year. These strong financial results reflect VersaBank’s position as a North American leader in business-to-business digital banking and cybersecurity technology solutions.
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